DGAP-News: SAF-HOLLAND S.A.: Extraordinary general meeting approves resolution to change legal form into a European Company (SE)
DGAP-News: SAF-HOLLAND S.A.
/ Key word(s): AGM/EGM
Extraordinary general meeting approves resolution to change legal form into a European Company (SE) - Over 68 percent of share capital represented - All proposed resolutions approved by a very large majority - Preparations for the transfer of the registered office to Germany initiated Luxembourg, February 17, 2020. The extraordinary general meeting of SAF-HOLLAND S.A. held on February 14, 2020 met with a very pleasing response from the shareholders of SAF-HOLLAND with over 68 percent of share capital represented at the meeting. All proposed resolutions put forward to the meeting by the management were approved by a very large majority. In particular, these included the Terms of Conversion, the restatement of the Company's articles of association and the conversion of the Company into a European Company (Societas Europaea, SE) under the name of SAF-HOLLAND SE. The voting results of the extraordinary general meeting 2020 can be viewed on the website of the SAF-HOLLAND Group at:
In the coming weeks the company will prepare the second step, transferring the registered office to Germany. By transferring the registered office, the plan of the spatial consolidation of the registered office of SAF-HOLLAND SE, as the holding company, with the operating functions of SAF-HOLLAND GmbH will be realized. This will facilitate the overall management of the SAF-HOLLAND Group, reduce the administrative burden and also result in cost-savings. Moreover, the transfer of the registered office to Germany will result in the company having its registered office in the same country as that in which its shares are listed. Together with the change in legal form and transfer of the registered office, the company is planning to simplify its corporate structure.
About SAF-HOLLAND SAF-HOLLAND S.A., located in Luxembourg, is the largest independent listed supplier to the commercial vehicle market in Europe delivering mainly to the trailer markets. With sales of approximately EUR 1,301 million in 2018, the Company is one of the world's leading manufacturers and suppliers of chassis-related systems and components primarily for trailers, trucks, buses, and recreational vehicles. The product range comprises axle and suspension systems, fifth wheels, kingpins, and landing gear marketed under the brands SAF, Holland, Neway, KLL, V.Orlandi and York. SAF-HOLLAND sells its products to Original Equipment Manufacturers (OEM) on six continents. The Group's Aftermarket business supplies spare parts to the service networks of Original Equipment Suppliers (OES), as well as to end customers and service centers through its extensive global distribution network. SAF-HOLLAND is one of the few suppliers in the truck and trailer industry that is internationally positioned in almost all markets worldwide. With the innovation campaign "SMART STEEL - ENGINEER BUILD CONNECT" SAF-HOLLAND combines mechanics with sensors and electronics and drives the digital networking of commercial vehicles and logistics chains. Approximately 4,000 committed employees worldwide are already today working on the future of the transportation industry. Contact Michael Schickling
This press release contains certain future-oriented statements that are based on current assumptions and forecasts made by the management of SAF-HOLLAND S.A. Various known and unknown risks, uncertainties and other factors may lead to the actual results, financial position, development or performance of the company deviating considerably from the appraisals specified here. The company assumes no obligation to update future-oriented statements of this nature or adapt them to future events or developments.
This announcement is for information purposes only and does neither constitute an offer to sell, purchase, exchange or transfer any securities nor a solicitation of any offer to sell, purchase, exchange or transfer any securities. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. SAF-HOLLAND S.A. does not intend to register any securities referred to herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with this announcement. Contact: SAF-HOLLAND Group Michael Schickling Hauptstraße 26 63856 Bessenbach Phone +49 6095 301-617 [email protected]
17.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | SAF-HOLLAND S.A. |
68-70, boulevard de la Pétrusse | |
L-2320 Luxembourg | |
Luxemburg | |
Phone: | +49 6095 301 - 0 |
Fax: | +49 6095 301 - 260 |
E-mail: | [email protected] |
Internet: | www.safholland.com |
ISIN: | LU0307018795 |
WKN: | A0MU70 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 976613 |
End of News | DGAP News Service |
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976613 17.02.2020
SAF Holland SE Stock
Our community is currently high on SAF Holland SE with 4 Buy predictions and 0 Sell predictions.
With a target price of 19 € there is a slightly positive potential of 18.75% for SAF Holland SE compared to the current price of 16.0 €.